VNTR - Earnings announcements

WYNYARD, UK, Feb. 21, 2023 /PRNewswire/ --  Fourth Quarter 2022 and Other Highlights The macro-economic environment deteriorated sharply in the second half of 2022 leading to significantly lower product demand and higher raw material and energy costs, with TiO2 sales volumes (44)% lower compared to the fourth quarter 2021 and (28)% lower compared to the prior periodNet loss attributable to Venator of $(228) million compared to net income of $14 million in the prior year periodAdjusted EBITDA of $(57) million compared to $40 million in the prior year periodNet cash used in operating activities was $(27) million and free cash flow was $(48) millionDiluted loss per share of $(2.11) and adjusted

WYNYARD, UK, Feb. 9, 2023 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") will hold a conference call to discuss its fourth quarter and full year 2022 financial results on Tuesday, February 21, 2023, at 08:00 a.m. ET. Results will be released to the public before the market opens that day via PR Newswire. Call-in numbers for the conference call: U.S. participants 1-833-366-1118 International participants 1-412-902-6770 (No passcode required) In order to facilitate the registration process, you may use the following link to pre-register for the conference call. Callers who pre-register will be given a unique PIN and separate call-in number to gain immediate access to the call an

Fourth Quarter 2022 Highlights Macro environment continues to be challenging due to significantly higher energy costs and lower product demandAdjusted EBITDA for the fourth quarter of 2022 estimated to be negative $(57)-(62) millionLiquidity position is estimated at approximately $275 million as of December 31, 2022Moelis & Company and Kirkland & Ellis appointed as respective financial and legal advisors, in addition to Alvarez & Marsal as the previously engaged operational advisor, to assist with strategic review and engagement with stakeholdersAppointment of two new independent directors, Stefan M. Selig and Jame Donath, who bring extensive and highly relevant experience to the BoardStefan

WYNYARD, UK, Nov. 14, 2022 /PRNewswire/ -- Third Quarter 2022 Highlights Net loss attributable to Venator of $50 million compared to $47 million in the prior year periodAdjusted EBITDA of $(8) million compared to $48 million in the prior year periodNet cash used in operating activities of $74 million and free cash flow of $(90) million Diluted earnings per share of $(0.46) and adjusted diluted earnings per share of $(0.33)Titanium Dioxide (TiO2) sales volumes declined 25% compared to the prior quarter and 29% compared to the prior year periodImplements a $50 million cost reduction programClosed a sale-leaseback transaction for Color Pigments manufacturing facility in Los Angeles, California

WYNYARD, United Kingdom, Oct. 6, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") today provided a third quarter business update. Simon Turner, President and CEO of Venator, commented, "During the third quarter we saw a meaningful decline in sales volume for our TiO2 products in the European and Asian regions. We expect to report third quarter TiO2 sales volumes to be approximately 25% lower than in the second quarter. With limited outlook visibility and persistently high European energy costs, we have reduced production at our Uerdingen, Germany, facility to minimal levels and are reducing production at our Duisburg facility in Germany as well. We are also implementing oth

WYNYARD, UK, July 26, 2022 /PRNewswire/ -- Second Quarter 2022 Highlights Net income attributable to Venator of $93 million compared to net loss of $23 million in the prior year periodAdjusted EBITDA of $61 million compared to $43 million in the prior year periodNet cash provided by operating activities of $73 million and free cash flow of $58 millionDiluted earnings per share of $0.86 and adjusted diluted earnings per share of $0.13Received $85 million cash in settlement with Tronox on April 25, 2022, which has been excluded from adjusted EBITDARecognized $10 million of income by releasing an accrued liability in the second quarter and received $13 million cash in the third quarter, under s

WYNYARD, United Kingdom, July 11, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") will hold a conference call to discuss its second quarter 2022 financial results on Tuesday, July 26, 2022, at 08:00 a.m. ET. Results will be released to the public before the market opens that day via PR Newswire. Call-in numbers for the conference call: U.S. participants 1-833-366-1118 International participants 1-412-902-6770 (No passcode required) In order to facilitate the registration process, you may use the following link to pre-register for the conference call. Callers who pre-register will be given a unique PIN and separate call-in number to gain immediate access to the call and byp

WYNYARD, UK, May 4, 2022 /PRNewswire/ --  First Quarter 2022 Highlights Net loss attributable to Venator of $3 million compared to $21 million in the prior year periodAdjusted EBITDA of $57 million compared to $49 million in the prior year periodNet cash used in operating activities of $86 million and free cash flow of $(103) million includes a primary working capital cash use of $87 million attributable to higher accounts receivablesDiluted loss per share of $0.03 and adjusted diluted earnings per share of $0.06Compared to the fourth quarter of 2021, average TiO2 selling prices increased 12% in local currency, mitigating cost pressures, and TiO2 sales volumes increased 15%Received $85 milli

WYNYARD, United Kingdom, April 19, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") will hold a conference call to discuss its first quarter 2022 financial results on Wednesday, May 4, 2022 at 08:00 a.m. ET. Results will be released to the public before the market opens that day via PR Newswire. Call-in numbers for the conference call: U.S. participants 1-833-366-1118 International participants 1-412-902-6770 (No passcode required) In order to facilitate the registration process, you may use the following link to pre-register for the conference call. Callers who pre-register will be given a unique PIN and separate call-in number to gain immediate access to the call and bypa

WYNYARD, UK, Feb. 22, 2022 /PRNewswire/ -- Fourth Quarter 2021 Highlights Net income attributable to Venator of $14 million compared to net loss of $58 million in the prior year period Adjusted EBITDA of $40 million compared to $25 million in the prior year period Net cash provided by operating activities was $17 million and free cash flow was $(9) million Diluted income per share of $0.13 and adjusted diluted loss per share of $0.05 Compared to the third quarter of 2021, TiO2 average selling prices increased 6% in local currency and TiO2 sales volumes were 10% lower, primarily due to seasonalityFull-Year 2021 Highlights Net loss attributable to Venator of $77 million compared to $112 millio

WYNYARD, UK, Jan. 26, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") will hold a conference call to discuss its fourth quarter and full year 2021 financial results on Tuesday, February 22, 2022 at 08:00 a.m. ET. Results will be released to the public before the market opens that day via PR Newswire. Call-in numbers for the conference call: U.S. participants 1-833-366-1118 International participants 1-412-902-6770 (No passcode required) In order to facilitate the registration process, you may use the following link to pre-register for the conference call. Callers who pre-register will be given a unique PIN and separate call-in number to gain immediate access to the call an

WYNYARD, UK, Nov. 3, 2021 /PRNewswire/ -- Third Quarter 2021 Highlights Net loss attributable to Venator of $47 million compared to $42 million in the prior year period Adjusted EBITDA of $48 million compared to $17 million in the prior year period Net cash provided by operating activities of $7 million and free cash flow of $(13) million Diluted loss per share of $0.44 and adjusted diluted earnings per share of $0.03 Compared to the second quarter of 2021, average TiO2 selling prices increased 5% in local currency and TiO2 sales volumes were 1% lower Refinanced asset-backed revolving credit facility ("ABL") on October 15, and extended maturity to 2026 Completed valuation of largest pension

WYNYARD, UK, Oct. 13, 2021 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") will hold a conference call to discuss its third quarter 2021 financial results on Wednesday, November 3, 2021 at 09:00 a.m. ET. Results will be released to the public before the market opens that day via PR Newswire. Call-in numbers for the conference call: U.S. participants 1-833-366-1118 International participants 1-412-902-6770 (No passcode required) In order to facilitate the registration process, you may use the following link to pre-register for the conference call. Callers who pre-register will be given a unique PIN and separate call-in number to gain immediate access to the call and bypass the l

WYNYARD, UK, Aug. 3, 2021 /PRNewswire/ -- Second Quarter 2021 Highlights Net loss attributable to Venator of $23 million compared to $19 million in the prior year period Adjusted EBITDA of $43 million compared to $37 million in the prior year period Net cash provided by operating activities of $10 million and free cash flow of $4 million Diluted loss per share of $0.21 and adjusted diluted earnings per share of $0.00 Compared to the first quarter of 2021, average TiO2 selling prices increased 4% in local currency Greatham, UK TiO2 facility is fully operational following completion of maintenance activities Completed sale of Water Treatment business to Feralco Group for approximately $6 mill